Press Room

For the period 4 March 2022 to 31 December 2022, Premiere Island Power REIT Corporation (PREIT or the Company) recorded a distributable income of approximately PHP249 million. In accordance with its dividend policy, on 27 April 2023, the Board of Directors of PREIT declared its first dividend amounting to PHP0.0682 per share or approximately PHP224 million, equivalent to at least 90% of its distributable income. The dividends shall be paid to stockholders of record as of 12 May 2023 on 26 May 2023. The aforementioned dividend payout is a combination of (a) dividends pertaining to the Company’s distributable income from 15 December 2022 (PREIT’s listing date) to 31 December 2022 and (b) dividends pertaining to the Company’s distributable income prior to its listing date. The dividends pertaining to the distributable income of the Company from 15 December 2022 (PREIT’s listing date) to 31 December 2022 amounted to PHP20.86 million or PHP0.0063 per share, representing a dividend yield of 9.25% at the IPO price. On the other hand, the dividends pertaining to the distributable income of the Company prior to its listing date amounted to PHP203.43 million or PHP0.0619 per share. Moving forward, investors can expect the Company to declare its